Argentina sovereign default could claim Clisa as victim, says S&P

Oliver West

September 15, 2014 06:30 am

Cristina Kirchner, Axel Kicillof, Argentina — Argentine President Cristina Fernandez, right, speaks with Economy Minister Axel Kicillof during the ceremony for the 160th anniversary of the Buenos Aires Stock Exchange in Buenos Aires, Argentina, Wednesday, Aug. 20, 2014. Argentina's government is proposing to change the way it pays holders of the country's debt, shifting it out of the U.S. financial and legal systems as a way to end the default triggered by a legal battle with U.S. investors. (AP Photo/Victor R. Caivano) | Victor R. Caivano/AP/Press Association Images

Argentine industrial conglomerate Clisa (Compañía Latinoamericana de Infraestructura & Servicios) is looking to push out its bond maturities with a debt exchange that Standard & Poor’s says it not distressed, but could lead to a missed default partly to the sovereign’s recent missed payment.

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Oliver West

US Bureau Chief - Latin America Editor